H3. Parent entity disclosures
Financial position of NBN Co Limited
NBN Co Limited | ||
30 June 2020 | 30 June 2019 | |
As at | $m | $m |
Assets | ||
Total current assets | 990 | 1,125 |
Total non-current assets | 35,905 | 31,674 |
Total assets | 36,895 | 32,799 |
Liabilities | ||
Total current liabilities | 4,017 | 3,285 |
Total non-current liabilities | 30,808 | 22,209 |
Total liabilities | 34,825 | 25,494 |
Net assets | 2,070 | 7,305 |
Equity | ||
Contributed equity | 29,500 | 29,500 |
Other reserves | 9 | 7 |
Accumulated losses | (27,439) | (22,202) |
Total equity | 2,070 | 7,305 |
Financial result of NBN Co Limited
NBN Co Limited | ||
30 June 2020 | 30 June 2019 | |
For the year ended | $m | $m |
Loss for the year | (5,237) | (4,880) |
Total comprehensive loss for the year | (5,235) | (4,877) |
Parent entity receivables and investments have been written down by a total of $1.4 million (2019: $4.4 million) to reflect the net assets of the subsidiaries. There is no impact on the consolidated position.
Commitments by the parent entity for the acquisition of property, plant and equipment
Commitments disclosed in Note F3 represent the total commitment of the parent entity for the acquisition of property, plant and equipment.
Guarantees entered into by the parent entity in relation to debts of its subsidiaries
Other than the deed of cross guarantee as disclosed in Note H4, no guarantees have been entered into by the parent entity in relation to debts of its subsidiaries.
Contingent liabilities of the parent entity
The contingent liabilities disclosed in Note H5 all relate to the parent entity.
Key management personnel
The key management personnel of the parent are the same as for the Group.
Related parties
The related parties of the parent are the same as for the Group.
Visit
https://www.transparency.gov.au/annual-reports/nbn-co-limited/reporting-year/2019-20-50